Canderel-led consortium Iris Acquisition II completed the acquisition of Cominar Real Estate Investment Trust for $5.7bn.

Canderel-led consortium-led Iris Acquisition II, completed the acquisition of Cominar Real Estate Investment Trust for $5.7bn. Canderel Consortium also includes FrontFour Capital, Artis Real Estate Investment Trust, Sandpiper Group and Koch Real Estate Investments. Mach to acquire approximately $1.5bn of retail and office properties as part of the transaction. “This transaction will provide significant benefits to key stakeholders, including tenants of Cominar, by leveraging the resources of the Canderel platform and a Québec-led group of investors with a long-term perspective to unlock opportunities for growth and development in the communities where Cominar operates,” Brett Miller, Canderel CEO.